SEC Commissioner: No reason to stand in the way of spot Bitcoin ETF
Amid heightened anticipation and excitement surrounding the possibility that the United States Securities and Exchange Commission (SEC) could approve the first spot Bitcoin (BTC) exchange-traded fund (ETF), Commissioner Hester Peirce has said there was no reason for the regulator to stand in the way of this. Indeed, Peirce shared her views regarding the SEC’s process of deciding on the spot Bitcoin ETF applications as she was discussing the agency’s regulation of cryptocurrency assets and other related matters in an interview with Bloomberg’s Kailey Leinz and Sonali Basak streamed on November 21. A ‘nudge’ from the judge Asked by Leinz to shed some light on the ongoing conversations between the issuers that have filed some of these spot Bitcoin ETF applications and individuals at the securities watchdog, Peirce said that she had for many years been transparent about her opinions regarding this matter and that she believes: “There is no reason for us to stand in the way o...